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How Much You Can Afford When Applying For A Mortgage

In Canada, the minimum down payment requirements can impact how much you can afford when applying for a mortgage. These rules dictate that the minimum down payment must be:

  • 5% of the purchase price for homes up to $500,000
  • 10% of the purchase price for any amount between $500,000 and $1 million
  • 20% of the purchase price for homes over $1 million.

For example, if you have saved $15,000 for a down payment, the maximum home price you can afford would be $300,000 ($15,000 divided by 5%). However, if your down payment was $30,000, your maximum affordability would increase to $550,000. You can use our mortgage affordability calculator to run the numbers yourself and determine what price range would be suitable for your budget. However, some lenders may require a higher down payment depending on your credit score, employment history, and other factors. It's important to speak with a mortgage lender (I can help with this)to get a more accurate estimate of your down payment requirements.(Loanscanada.ca)

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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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61 Cimarron Vista Gardens
Cimarron Vista Okotoks T1S 0G3

$425,000
Residential beds: 3 baths: 3.0 1,306 sq. ft. built: 2007

Main Photo: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Photo 1: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Photo 2: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Photo 3: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Photo 4: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Photo 5: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
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Photo 13: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Photo 14: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Photo 15: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Photo 16: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Photo 17: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Photo 18: 61 Cimarron Vista Gardens: Okotoks Row/Townhouse for sale : MLS®# A2167424
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2167424
Bedrooms:
3
Bathrooms:
3
Year Built:
2007
Welcome to 61 Cimarron Vista Gardens, a lovely four-level split townhouse nestled in the heart of Okotoks. Built in 2007, this home offers a bright and airy feel, thanks to the numerous windows and high ceiling that let in plenty of natural light. The main living space is open and inviting, perfect for everything from cozy nights in to hosting friends and family. The finished basement is a great bonus, offering extra room for whatever you need—whether that’s a home office, media room, or play area. The private deck is just the spot for morning coffee or summer barbecues. Located in a welcoming neighborhood, surrounded by parks, green spaces, and walking paths, this homes is the perfect blend of comfort and convenience. If you’re looking for a home that feels warm, spacious, and close to everything, then this is it!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
4 Level Split
Total Living Area:
1,305.86 sq. ft.
Main Level Finished Area:
89.52 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
268.03 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$346.89
Condo Fee Includes:
Common Area Maintenance, Insurance, Professional Management, Reserve Fund Contributions
HOA Fee Includes:
Lot Area:
1,647 sq. ft.
Lot Frontage:
20'⅛"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Entry Level:
1
Levels:
4 Level Split
End Unit:
2+ Common Walls
Total Rooms Above Grade:
7
Year built:
2007 (Age: 17)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0715151
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Driveway, Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Bathroom
Condo Fee Frequency:
Monthly
Harvest Gate
Cimarron Vista
Parking, Playground, Snow Removal
Dishwasher, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
N/A
Condo/Strata Approval
Yes
Floor
Type
Size
Other
Main Floor
Foyer
12'1" × 6'7"
2nd Floor
Living Room
19'2" × 14'9"
3rd Floor
Dining Room
12'2" × 8'3"
3rd Floor
Kitchen
12'2" × 9'8"
3rd Floor
Laundry
5'5" × 2'10"
4th Floor
Bedroom
12'7" × 9'11"
4th Floor
Bedroom
13'9" × 8'11"
4th Floor
Bedroom - Primary
12' × 11'1"
Basement
Game Room
12'11" × 12'8"
Basement
Storage
5'2" × 3'2"
Basement
Furnace/Utility Room
12'5" × 5'7"
Floor
Ensuite
Pieces
Other
3rd Floor
No
2
5'5" x 5'
4th Floor
No
4
5'6" x 7'6"
4th Floor
Yes
4
5'6" x 7'9"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby
Interior Features:
Ceiling Fan(s), High Ceilings
Exterior Features:
Playground
Patio And Porch Features:
Deck
Lot Features:
Other
Num. of Parcels:
0
Fencing:
None
Region:
Foothills County
Zoning:
NC
Listed Date:
Sep 23, 2024
Days on Mkt:
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Virtual Tour

Listed by First Place Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$650,000
Min list price:
$215,000
Max list price:
$3,995,000
Avg days on market:
35
Min days on market:
1
Max days on market:
255
Avg price per sq.ft.:
$383.33
These statistics are generated based on the current listing's property type and located in Okotoks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706